Common use of Noteholders Clause in Contracts

Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Appears in 46 contracts

Sources: Indenture Agreement (First Merchants Acceptance Corp), Indenture (Eaglemark Inc), Indenture (Daimlerchrysler Services North America LLC)

Noteholders. Amounts properly withheld under the Code by any Person from a payment to any Noteholder of interest and/or or principal shall be considered as having been paid by the Issuer to such Noteholder for all purposes of this Indenture.

Appears in 1 contract

Sources: Indenture (Fleetwood Credit Receivables Corp)